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Fly News Breaks for June 30, 2016
STRZA, LGF
Jun 30, 2016 | 14:39 EDT
Piper Jaffray analyst Stan Meyers said he expects Lionsgate's (LGF) acquisition of Starz (STRZA) to be highly accretive to overhead and distribution costs, adding that Starz's steady subscription free cash flow diversifies and stabilizes Lionsgate studio business in the short-term and provides new growth opportunities longer-term. The firm reiterates an Overweight rating on Lionsgate with a $30 price target.
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